Long term: lower

On a yearly basis, Bollinger band spread is not minimal, Bollinger bands could be flat. Our 7 / 23 moving averages will be without main trend. Our stochastic could be overbought next period.

On a quarterly basis, the status for our stochastic and MACD is a bearish no-crossover. As long as MQ proves to be a support, a technical decline is in progress. Below MQ (at the close), LQ will be our main target.

On a monthly basis, the UM / LM spread is maximal. A bearish A type crossover will be the next status for our 7 / 23 months moving averages. The status for our stochastic and MACD is overbought. As long as MM proves to be a resistance, LM could be a target.

Idea: with a bearish A type crossover for our monthly moving averages, the bear trend will extend.

Bet: MM will act as a resistance

R = MM (1.3994), UY (1.5109);    S= MQ (1.3571), LM (1.2433)

Medium term: next pattern could be a bearish parallel one

On a weekly basis, Bollinger bands spread was thin when a close below LW occurred. If UW trend is up for two periods, a bearish parallel qualification will be in hand for our weekly pattern. 

Idea: a new bearish parallel pattern will develop if MD acts as a resistance this week

Bet: bearish no-crossover for our stochastic.

R = MD (1.3861);     S = MQ (1.3571)

Short term: bearish parallel patternlrt term

On a daily basis, a bearish parallel pattern is in progress.

Idea: use bearish parallel rules

Bet: as long as M23 trend is down, a recovery is only a technical recovery.

R = MD (1.3861), UD (1.4216);   S = LD (1.3506)

Conclusion: with a weekly bearish parallel pattern, LM could be a target this year.

Noter cet article:

(No Ratings Yet)

 Loading ...